Which of these are the two most significant causes of income inequality?

Differences in wealth and differences in education are indeed two of the most significant causes of income inequality. Wealth refers not only to the money an individual has but also to their accumulated assets and property, which can create significant disparities in income generation capabilities. Those with greater wealth often have the means to invest, generate passive income, and pass on benefits to future generations, thus perpetuating a cycle of wealth accumulation.

Education plays a critical role as well, as it often determines an individual's qualifications and job prospects. Higher education levels typically lead to access to better-paying jobs and industries, while individuals with lower education levels may find themselves limited to lower-paying, less stable occupations. This educational divide can exacerbate wealth disparities, as those with higher educational attainment are more likely to secure high-income positions.

Both of these factors interact to produce a widening gap between the rich and the poor, illustrating why they are regarded as foundational causes of income inequality.